Definitions with the letter P

Is a general instrument defined in Spain’s urban planning regulations as a basic instrument for the comprehensive planning of the territory of one or several municipalities, whereby the land is classified, the regime applicable to each kind of land is determined and the fundamental elements of the system of facilities of the municipality in question are defined.

Prevention of Money Laundering and Terrorist Financing is the legal framework established, through the general guidelines laid down by the European regulations, for the adoption of preventive measures in the field of money laundering and the financing of terrorist activities.

Are amounts paid to the Tax Authorities by the payer related to certain kinds of income, as established by law, as advance payments of the tax payable by the recipient thereof. Whoever makes the payments on account can pass them on to the recipient of the income.

A radio or TV broadcast that a user can download from the Internet by means of prior subscription to it and listen to on either a computer or a portable player.

Is a set of projects prior to the design of any architectural or engineering work.

The preliminary sales contract (or reservation contract) gives the buyer a preferential right to purchase a property for a certain period of time in exchange for the payment of a deposit, under the assumption that the construction will finally be completed. During the reservation period, the developer blocks the marketing of the property to other persons.

Of communal assets refers to spaces that belong to the residents’ association but whose use is attributed exclusively to one owner.

In the Building Ordinance Law is one of the parties involved in the envisaged building work. The term may refer to any natural or legal person who decides on, develops, schedules and funds a building project.

is a company whose purpose is the construction, sale, rental and management of housing.

Is the institution whose purpose is to confer legal certainty and security on property-related transactions which, by law, lead to effects binding on third parties. and whose role is essential for strengthening the legal system.

Property means the right to enjoy and use something without any limitations other than those established in the laws.

Made up of the words “Property” and “Technology”, is the term that encompasses all companies, businesses and organisations that make use of technology to redefine, optimise, reinvent or digitise any aspect of the property sector.

Title deed constituting the regime of condominium division, by virtue of which a complete building is independently divided into the various dwellings, premises, parking spaces and storage rooms. The deed describes all the units (dwellings, premises, parking spaces and storage rooms) resulting from the condominium division, as well as the share of common elements that is allocated to each unit, which determines the proportion in which each dwelling or premises will contribute to the payment of the common expenses of the owners' association of the building. The deed of incorporation of the condominium may include the bylaws and operating rules governing the owners' association.